China Jo-Jo Drugstores (NASDAQ:CJJD) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of China Jo-Jo Drugstores (NASDAQ:CJJD) in a report published on Wednesday. The firm issued a sell rating on the stock.

China Jo-Jo Drugstores Stock Down 4.7 %

Shares of NASDAQ CJJD opened at $3.26 on Wednesday. The firm’s 50 day simple moving average is $3.57 and its 200-day simple moving average is $4.08. China Jo-Jo Drugstores has a 12 month low of $1.56 and a 12 month high of $47.90.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in China Jo-Jo Drugstores stock. Jane Street Group LLC purchased a new position in China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,451 shares of the company’s stock, valued at approximately $112,000. Jane Street Group LLC owned approximately 0.59% of China Jo-Jo Drugstores as of its most recent filing with the Securities and Exchange Commission. 45.26% of the stock is currently owned by hedge funds and other institutional investors.

About China Jo-Jo Drugstores

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming.